HC Deb 27 June 1935 vol 303 cc1266-7

asked the President of the Board of Trade whether the companies department is watching the capital construction of share-ownership of certain British statutory companies, the control of which has passed to subsidiaries of the Public Utilities Securities Corporation of the United States in order to ascertain whether the statutory companies concerned are being subjected to any interlocking or interchanging financial operations?


My hon. and gallant Friend no doubt has in mind the position in regard to certain electric supply companies. Accordingly, I will, with the permission of my right hon. Friend, the Minister of Transport, send him, when available, the information which is being obtained for the hon. Member for Hanley (Mr. Hales) in response to his question of the 18th June?

Captain RAMSAY

Will my hon. Friend instruct the Department to take some steps if this interlocking process is found to be going on?


I think that that is another matter. Perhaps my hon. Friend will consider the information which I propose to send him and speak to me again about it.

Forward to